Statements without any binding commitment mean nothing. Everyone should understand that.
Bitpanda said no mass layoffs, three weeks before axing one-third of staff
31–40 of 95 posts
Re: Bitpanda said no mass layoffs, three weeks before axing one-third of staff
#32What are the appropriate or possible responses to being publicly asked if you're going to do a layoff, in the case that: (1) you are definitely going to do a layoff (2) you have not yet decided but are considering it (3) you are definitely not doing a layoff In the past, HNers have mentioned that if you admit you're going to lay people off, then your best performers will leave. Is that true? If so, what should compan…
You can do what everyone else has always done: simply not comment. It's always an option.
Re: Bitpanda said no mass layoffs, three weeks before axing one-third of staff
#33> Bitpanda’s chief product officer, Lukas Enzersdorfer-Konrad, told employees via a Slack message there would be no mass layoffs, weeks before the company cut its workforce by a third. If they knew of the layoffs and lied Bitpanda must be punished for it. Many employees may have made decisions based on that lie.
Individuals authorized to speak for companies who state these lies need to personally liable. If someone at the company lied to them to get them to say it, they should be able go after them, like a chain of stolen goods.
Permitting spokespeople to lie is not only toxic, but explicitly removes the equality of information necessary to a functioning free market. It's in everyone's interest to punish it.
Re: Bitpanda said no mass layoffs, three weeks before axing one-third of staff
#34> Bitpanda’s chief product officer, Lukas Enzersdorfer-Konrad, told employees via a Slack message there would be no mass layoffs, weeks before the company cut its workforce by a third. If they knew of the layoffs and lied Bitpanda must be punished for it. Many employees may have made decisions based on that lie.
not sure about specific labor laws in your area, but even if they knew for a fact there would be layoffs, and told employees otherwise, i dont think thats punishable (may be wrong/unethical, but legally i dont think they did anything wrong). being at a company for 16 years, i have learned: 1)everything is status quo, until one day it isnt. 2)there will be no changes, till there is change one day. 3)there will be no l…
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Re: Bitpanda said no mass layoffs, three weeks before axing one-third of staff
#35What are the appropriate or possible responses to being publicly asked if you're going to do a layoff, in the case that: (1) you are definitely going to do a layoff (2) you have not yet decided but are considering it (3) you are definitely not doing a layoff In the past, HNers have mentioned that if you admit you're going to lay people off, then your best performers will leave. Is that true? If so, what should compan…
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Re: Bitpanda said no mass layoffs, three weeks before axing one-third of staff
#36This is normal, management just got the news that there is no more money.
Re: Bitpanda said no mass layoffs, three weeks before axing one-third of staff
#37What are the appropriate or possible responses to being publicly asked if you're going to do a layoff, in the case that: (1) you are definitely going to do a layoff (2) you have not yet decided but are considering it (3) you are definitely not doing a layoff In the past, HNers have mentioned that if you admit you're going to lay people off, then your best performers will leave. Is that true? If so, what should compan…
You can do what everyone else has always done: simply not comment. It's always an option.
Except for that silence speaks loudly in some circumstances.
Re: Bitpanda said no mass layoffs, three weeks before axing one-third of staff
#38What are the appropriate or possible responses to being publicly asked if you're going to do a layoff, in the case that: (1) you are definitely going to do a layoff (2) you have not yet decided but are considering it (3) you are definitely not doing a layoff In the past, HNers have mentioned that if you admit you're going to lay people off, then your best performers will leave. Is that true? If so, what should compan…
If you know you're gonna do layoffs, say that it's being considered, and then do the layoffs.
If it's possible you'll do layoffs, says it's possible that you'll do layoffs, figure out what you wanna do, then do that.
If you know you're not gonna do layoffs, say you know you're not gonna do layoffs, and then don't do layoffs.
If people will leave because you say there will be layoffs, they would leave even faster if you didn't say you'll do layoffs but then do it anyway.
Re: Bitpanda said no mass layoffs, three weeks before axing one-third of staff
#39> Bitpanda’s chief product officer, Lukas Enzersdorfer-Konrad, told employees via a Slack message there would be no mass layoffs, weeks before the company cut its workforce by a third. If they knew of the layoffs and lied Bitpanda must be punished for it. Many employees may have made decisions based on that lie.
A lot happened in those three weeks. Bitcoin dropped by a third and at least a few coins collapsed.
Re: Bitpanda said no mass layoffs, three weeks before axing one-third of staff
#40That photo of the founders(?) displays maximum turtle neck. Is that because of some Jobsian influence or is it an esoteric coffee house theme? Either way, it would have got my spidey-sense tingling.
Agreed. Just looking at that picture on their site if I was considering a job would end it for me.